Description
Attorney Mancuso presents information, forms, and details on how to become a nonprofit corporation in California only, under Section 501©(3) of the Internal Revenue Code, for religious, charitable, scientific, literary, or educational purposes. He outlines nonprofit benefits and disadvantages; the rights and roles of incorporators, officers, employees, and members; tax requirements; charity and foundation status; name choice and filing articles of incorporation; bylaws; state and federal tax exemption; organization; taxes; and hiring a lawyer and accountant. The accompanying CD-ROM contains forms, and the new edition is up-to-date with recent laws and IRS forms. There is no bibliography. Annotation ©2006 Book News, Inc., Portland, OR (booknews.com)
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"Everyone from artists and environmentalists to educators and social workers forms nonprofits these days. And it's no surprise -- a group can step into the limelight, save money, become eligible for grants and even get better postal rates as a nonprofit corporation. This Nolo bestseller guides readers through the steps necessary to obtain Federal 501(c)(3) status in order to qualify for: • federal and state income tax exemptions • tax deductible contributions from donors • public and private funding • limited personal liability for directors, officers and members of the nonprofit.The overhauled new edition now includes a CD-ROM brimming with forms, such as the latest federal tax exemption and state FTB tax exemption application forms. The book also earmarks online sources of nonprofit tax and legal information."
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